Summary Balance of Payments as per BPM5

Karachi, July 18, 2013 (PPI-OT):

Summary Balance of Payments as per BPM5                                             ( Million US Dollars)
ITEM                                  Jul-Sep     Oct-Dec     Jan-Mar     May     Jun     Apr-Jun     Jul-Jun
                                      FY13*     FY13*     FY13*     FY13*    FY13*     FY13*     FY13*     FY12
         
Current account balance                362      -128     -1385      -530     -163     -1148     -2299     -4658
Current account balance         
without off. transfers                 297      -249     -1494      -541     -198     -1277     -2723     -5243
Goods:  Exports f.o.b                 5984      6079      6225      2263     2009      6457     24745     24696
Goods:  Imports f.o.b                 9658     10136      9938      3361     3174     10069     39801     40461
Trade Balance                        -3674     -4057     -3713     -1098    -1165     -3612    -15056    -15765
Services:  Credit                     2157      2037      1147       400      470      1278      6619      5035
Services:  Debit                      1918      2052      1811       730      589      1977      7758      8227
Balance on Goods and Services        -3435     -4072     -4377     -1428    -1284     -4311    -16195    -18957
Income:  Credit                        113       143        63        36       57       171       490       826
Income:  Debit                         808      1164       948       512      315      1294      4214      4071
Of which :Interest  Payments           283       341       284       219       74       370      1278      1633
Balance on Gds and Serv. and Inc     -4130     -5093     -5262     -1904    -1542     -5434    -19919    -22202
Current Transfers.:Credit             4509      4995      3885      1379     1398      4317     17706     17686
Of which:         
Workers Remittances                   3599      3518      3237      1185     1165      3566     13920     13186
FCA Residents                           67       276       142        66      -23        79       564       289
Current Transfers :Debit                17        30         8         5       19        31        86       142
Capital Account,                        31        70       103         9        4        34       238       183
Capital Account, : Credit               31        70       106         9        5        35       242       186
Project grants                          24        66       104         7        4        32       226       180
Debt forgiveness                         0         0         0         0        0         0         0         0
Others                                   7         4         2         2        1         3        16         6
Capital Account... Debit                 0         0         3         0        1         1         4         3
Financial Account                       24      -627        92       404     -149       431       -80      1280
Direct Investment Abroad               -28       -25      -148        -6        0        -7      -208       -77
Dir. Invest. In Rep. Econ.             123       441        58       465      128       825      1447       821
Portfolio Investment Assets             -1       -17       -65        -5       23       -14       -97       -32
Equity Securities                       18        12       -36        -5       23        18        12       -37
Debt Securities                        -19       -29       -29         0        0       -32      -109         5
Portfolio Investment Liab.             114        12        68      -312       22       -70       124      -112
Equity Securities                       96        34        68      -122       22       -79       119       -60
Debt Securities                         18       -22         0      -190        0         9         5       -52
Financial Derivatives Assets             0         0         0         0        0         0         0         0
Financial Derivatives Liabilities        0         0         0         0        0         0         0         0
Other Investment Assets               -107      -726       414       278      -25       110      -309         9
Monetary Authorities                     0         0         0         0        0         0         0         0
General Government                       0        -2         0         5        3        11         9         3
Banks                                 -160      -434       398       252     -104       -16      -212       -91
Other Sector                            53      -290        16        21       76       115      -106        97
Other Investment Liab.                 -77      -312      -235       -16     -297      -413     -1037       671
Monetary Authorities                     0         2         0       570      145       715       717      -105
General Government                      11       110      -149      -597      -31      -453      -481       998
Disbursements                          361       799       521        34      119       450      2131      2633
Long-term                              351       514       521        34      119       450      1836      2633
Project loans                          351       508       458        34       51       382      1699      1781 
Program loans                            0         6        63         0       68        68       137       852
Short-term                              10       285         0         0        0         0       295         0
Commercial loans                         0         0         0         0        0         0         0         0
IDB loans                               10       285         0         0        0         0       295         0
Amortization                           381       689       670       631      150       903      2643      1577
Long-term                              381       428       540       631      150       903      2252      1477
Short-term                               0       261       130         0        0         0       391       100
Other Liabilities                       31         0         0         0        0         0        31       -58
Banks                                 -110      -246        33        -5     -349      -574      -897       220
Other Sector                            22      -178      -119        16      -62      -101      -376      -442
Disbursements                          112       136        45        15        7        27       320       558
Amortization                            87       221       113        49       69       179       600       638
Other Liabilities                       -3       -93       -51        50        0        51       -96      -362
Net Errors and Omissions              -445        82        33       -33      179        77      -253       -80
Overall Balance                        -28      -603     -1157      -150     -129      -606     -2394     -3275
Reserves and Related Items              28       603      1157       150      129       606      2394      3275
Reserve Assets                         472      1323      1742       239      350      1019      4556      4430
Foreign Exchange ( SBP )               472      1323      1742       239      350      1019      4556      4430
Foreign Exchange ( DMB )                 0         0         0         0        0         0         0         0
Use of Fund Credit and Loans          -444      -720      -585       -89     -221      -413     -2162     -1155
Purchases /                              0         0         0         0        0         0         0         0
Repurchases                            444       720       585        89      221       413      2162      1155
Exceptional Financing                    0         0         0         0        0         0         0         0
SBP  Gross Reserves #                11485     10094      8283      7557     7198      7198      7198     11905
Foreign Curency Cash Holding            52        41        21        26       39        39        39        53
CRR/SCRR                              1075      1066      1136      1139     1151      1151      1151      1049
SBP Reserves( Excl. CRR/SCRR )       10410      9028      7147      6418     6047      6047      6047     10856
Net Liquid Reserves with SBP         10358      8987      7126      6392     6008      6008      6008     10803
DMB's Reserves- Net of CRR/SCRR       1484      1865      1366      1240     1334      1334      1334      1278
Memorandum Items :     
Exports of goods and services         8141      8116      7372      2663     2479      7735     31364     29731
Exports of non-factor services        2157      2037      1147       400      470      1278      6619      5035
Export Growth                         -2.7     296.0      34.8       4.0     -2.0     -71.6       0.2      -2.6
Imports Growth                        -7.0     308.6      38.2      -3.1    -13.2     -68.8      -1.6      12.8
Current account % of GDP               0.6      -0.2      -2.2      -2.6     -0.8      -1.9      -0.9      -2.0
In months of  imports of
goods and Services /                   2.3       2.0       1.6       1.4      1.3       1.8       1.3       2.4
GDP /                                61674     61674     61674     20558    20558     61674    246696    231180

Includes foreign Currency Cash holding and excludes unsettled claim on RBI GDP relates to spacefic period under the column Provisional

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

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